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Naree Dachrucha
Answers (8)
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Five years ago, Jackson Corporation issued twenty-five-year 10% annual coupon bonds with a $1,000 face value each. Since then, interest rates in general have risen, and the yield to maturity on the Thompson Tarps bonds is now 12%. Given this information, what is the price of the bonds today?
A) $1,230
B) $851
C) $1,218
D) $880
E) $1,440
A) $1,230
B) $851
C) $1,218
D) $880
E) $1,440
On Jul 14, 2024
B
ND
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Many firms choose to protect or enhance the natural environment as they go about their business activities. This is called "corporate giving."
On Jun 30, 2024
False
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If the price of beef rises and consumers buy more chicken and less beef, what kind of bias does the consumer price index exhibit?
On Jun 13, 2024
substitution bias
ND
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The monetarists believe
A) the Federal Reserve is very effective at fighting inflation.
B) the key to stable economic growth is a constant rate of increase in the money supply.
C) expansionary monetary policy will permanently reduce the interest rate.
D) the money supply must increase at the same rate as the price level.
A) the Federal Reserve is very effective at fighting inflation.
B) the key to stable economic growth is a constant rate of increase in the money supply.
C) expansionary monetary policy will permanently reduce the interest rate.
D) the money supply must increase at the same rate as the price level.
On May 31, 2024
B
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How do organizations compare actual pay to pay structure?
On May 03, 2024
As part of its management responsibility, the HR department should compare actual pay to the pay structure, making sure that policies and practices match. A common way to do this is to measure a compa-ratio, the ratio of average pay to the midpoint of the pay range. Assuming the organization has pay grades, the organization would find a compa-ratio for each pay grade: the average paid to all employees in the pay grade divided by the midpoint for the pay grade. If the average equals the midpoint, the compa-ratio is 1. More often, the compa-ratio is somewhat above 1 or below 1. Assuming that the pay structure is well planned to support the organization's goals, the compa-ratios should be close to 1. A compa-ratio greater than 1 suggests that the organization is paying more than planned for human resources and may have difficulty keeping costs under control. A compa-ratio less than 1 suggests that the organization is underpaying for human resources relative to its target and may have difficulty attracting and keeping qualified employees. When compa-ratios are more or less than 1, the numbers signal a need for the HR department to work with managers to identify whether to adjust the pay structure or the organization's pay practices. The compa-ratios may indicate that the pay structure no longer reflects market rates of pay, or maybe performance appraisals need to be more accurate.
ND
Answered
For available-for-sale securities the unrealized gain or loss account is carried forward to future periods.
On May 01, 2024
True
ND
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The estimated amount of depreciation on office equipment for the current year is $3,500. The correct adjusting entry to record this depreciation is
A) debit Depreciation Expense, $3,500; credit Office Equipment, $3,500
B) debit Accumulated Depreciation-Office Equipment, $3,500; credit Office Equipment, $3,500
C) debit Depreciation Expense, $3,500; credit Accumulated Depreciation-Office Equipment, $3,500
D) debit Office Equipment, $3,500; credit Depreciation Expense, $3,500
A) debit Depreciation Expense, $3,500; credit Office Equipment, $3,500
B) debit Accumulated Depreciation-Office Equipment, $3,500; credit Office Equipment, $3,500
C) debit Depreciation Expense, $3,500; credit Accumulated Depreciation-Office Equipment, $3,500
D) debit Office Equipment, $3,500; credit Depreciation Expense, $3,500
On Apr 30, 2024
C
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Answered
In a Cost-Volume-Profit graph (sometimes called a break-even chart), unit volume is represented on the horizontal (X) axis and dollars on the vertical (Y) axis.
On Apr 29, 2024
True